Summer Internship, Asset & Revenue Management, Hybrid, Baltimore HQ Office

Enterprise Residential • Baltimore, MD

10d • $20 - $24 • Hybrid

About The Position

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package . The Intern will assist ECD’s Revenue Management team with tasks related to the performance of the company’s portfolio of affordable and workforce apartment communities. Primary duties include maintaining processes and follow up related to market rent, renewal rent, utility allowances and other regulatory requirements for 110+ properties. This position will work with external and internal customers and must have strong communication skills, strong quantitative skills, and the ability to read regulatory agreements and governing documents for multi-family real estate ventures. This position will be supervised by the Associate Director, Revenue within the asset management team. This is a Hybrid position which will require 1-2 days onsite at the Baltimore HQ Office in Baltimore, MD.

Requirements

• Actively pursuing an undergraduate degree with an interest in community development and affordable housing programs; preferred.
• Strong verbal communication and business writing skills.
• Ability to read complex regulations and housing program information and take that information to create informative memos / policies and recommendations for Leadership / Operations Staff to act upon.
• Strong computer skills with MS Office Suite to include strong Excel skills.

Responsibilities

• Assist with all processes related to market rent surveys, market rent analysis and resident rent renewal analysis.
• Collaborate with the Real Estate Development, Acquisitions, Asset Management and Enterprise Residential staff to assist with analyzing optimum rental income contract terms, income limits and rents for each new acquisition / preservation apartment development.
• Collaborate with the Real Estate Development and Asset Management departments to determine the optimal Section 8 and rent increase strategies in connection with recapitalization/renovations of existing properties in the portfolio.
• Assist in the utility allowance determination process.
• Professionally respond to inter department and inter agency emails.
• Assist with special projects within Revenue Management.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed